Governments across the world are looking for ways to increase revenues by levying new direct and indirect taxes to boost the economy and offset the losses caused by the Covid-19 pandemic. The KSA made e-invoicing mandatory for all banks and business establishments that came under the VAT regime. Phase II of this mandate requires establishments to ensure integration of their systems with ZATCA (Zakat, Tax and Customs Authority). How can banks be better prepared to meet this regulatory mandate?
Download this eBook to:
- Understand why banks need an integrated system (VAT and e-invoicing)
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Discover key functionalities to seek in your tech solution
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Get a glimpse into SunTec e-Invoicing Solution architecture
